Inclusive Development Index

  • Ranked 60/79 countries
  • Released in World Economic Forum’s (WEF) ‘Inclusive Growth and Development Report’
  • The index is based on 12 performance indicators and countries are ranked on IDI scores based on a scale of 1-7.
  • It has three pillars :
    • Growth and Development,
    • Inclusion and Intergenerational Equity, and
    • Sustainability
  • It provides a more complete measure of economic development than GDP growth alone.
  • Reasons for India’s lower rank:
    • India’s debt-to-GDP ratio is high, that raises some questions about the sustainability of government spending.
    • India’s labour force participation rate is low, informal economy is large and many workers are vulnerable to employment situations with little room for social mobility.
    • India needs more progressive tax system to raise capital for expenditures in infrastructure, health care, basic services and education

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